Bison Gold Resources Inc. (TSX VENTURE:BGE) has announced that a drill has been mobilized to the Central Manitoba Property to undertake a minimum 5,000 metre drilling program.
Avrupa Minerals Ltd. (TSX VENTURE:AVU) has announced that drilling has started at the Marateca Cu-Zn project in the northernmost extension of the Iberian Pyrite Belt in Portugal.
29 people died at the Pike River coal mine in New Zealand after an underground explosion causes a fire to rage through the mine. The rescue efforts after the explosion were stalled due to the presence of inflammable and toxic gases. With a fourth explosion at the mine this week the coal fire was made visible above ground through a ventilation shaft.
The Fortescue Metals Group is looking to diversify into coal in Queensland. The third largest iron ore producer in Australia is owned by Mr Andrew Forrest, who along with mining magnates Clive Palmer and Gina Rinehart, is looking to develop new projects in the state.
Mindoro Resources Ltd. (TSX VENTURE:MIO) (FRANKFURT:WKN 906167) today announced that it has closed the prospectus offering in Australia, oversubscribed, having raised A$8,000,000 from the sale of 40 million CHESS Depository Interests issued at a price of A$0.20 each.
Astral Mining Corporation (TSX VENTURE:AA)(TSX VENTURE:AA.WT)(PINK SHEETS:AAMJF)(FRANKFURT:A7DA) announces that it has elected not to exercise its option to earn a 100% interest in the Jumping Josephine Property from Kootenay Gold Inc.
Uranium One Inc. has announced that it has completed the initial closing of its transaction with JSC Atomredmetzoloto, comprising the issuance of 178,127,165 new common shares of Uranium One to ARMZ in return for US$610 million in cash.
Novadx Ventures Corp. (TSX VENTURE:NDX) has announced that it, together with its wholly owned subsidiary, MCoal Corporation, has entered into a Coal Production Payment Agreement and an Additional Coal Purchase Agreement with Sandstorm Metals and Energy Ltd. (TSX VENTURE:SND) to sell a production interest in three coal streams in return for a US$38 million advance payment and subsequent additional payments to be received on shipment of coal.
Macusani Yellowcake Inc. (TSX VENTURE:YEL)(FRANKFURT:QG1) has announced the discovery of a second, deeper high-grade zone on the Chilcuno area on the Kihitian uranium property on the Macusani Plateau.
Rockcliff Resources Inc. (RCR: TSXV) has announced that preliminary drilling on the Tower Copper-Gold Property located in central Manitoba has continued to intersect high grade copper-gold results.
Candorado Operating Company Ltd. (TSX VENTURE:CDO) (FRANKFURT:HQU) (BERLIN:HQU) has announced today, subject to TSX Venture Exchange approval, that it has entered into an agreement with a private vendor to earn a 100% interest in property located adjacent to Commerce Resources Corp.'s Eldor rare earth element project in Quebec.
BOWMORE Exploration Ltd. (TSX VENTURE:BOW) has announced that it has contracted Geophysics GPR International Inc. of Montreal Quebec, to conduct a helicopter-borne geophysical survey on its 100% owned "St-Victor" property located within the Appalachians of southern Quebec.
In Costa Rico a court has annulled the government granted mining concessions that Industrias Infinito, S.A. had won. The company is a Costa Rican subsidiary of Infinito Gold, a Calgary, Canada-based mining exploration and development company.
By Joel Scanlon
28 Nov 2010
Codleco’s No 3 copper mine unionized workers have accepted a new wage offer made to them on Wednesday. This averted a possible strike at the Radomiro Tmoic mine of Codelco, after the 20 day walkout at the nearby giant Collahuasi copper mine had already got the world concerned about Chile’s copper ore supply.
By Joel Scanlon
28 Nov 2010
Xstrata has extended its AUD$515 million offer to Australian iron ore company Sphere by three weeks to the date December 17. The wholly owned subsidiary company of Xstrata known as Sidero already holds 73.1% of the shares in Sphere when the offer closed on November 24.
By Joel Scanlon
28 Nov 2010